Indonesia News

Bermuda Signs Tax Information Agreement with Indonesia

Bermuda has signed a Tax Information Agreement, or TIEA, with the Republic of Indonesia at a ceremony in London on Wednesday, June 22, attended by Bermuda’s Premier, the Hon. Paula A. Cox, JP, MP, and H.E. Yuri Octavian Thamrin, Ambassador …

Indonesia Signs Tax Information Treaty with Guernsey

Guernsey announced that it signed a bilateral Tax Information Exchange Agreement (TIEA) with Indonesia last week. The Chief Minister, Lyndon Trott and the Republic of Indonesia UK Ambassador, His Excellency Yuri O Thamrin, executed the treaty. Guernsey has now signed …

Test Your 2010 Insurance News IQ: 25 Questions

Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …

Heavy Rains, Floods Disrupt Australia Coal Mining, Port, Freight Operations

Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal infrastructure, including rail and ports, to a standstill, operators said on Wednesday. Dalrymple Bay Coal terminal and Gladstone Ports, two …

FACTBOX: 25 Ships and Crews Still Held by Somali Pirates

Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …

Droughts, Floods, Snow and Cold Hit Global Commodities

Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans. Australia typically ranks as second in the league of …

Pirates Hijack Cargo Ship with 25 People aboard off India

Suspected Somali pirates hijacked a Bangladeshi ship carrying nickel ore in the Arabian Sea and appear headed to the lawless East African nation, officials said Monday. The Bangladesh-flagged M.V. Jahan Moni appears to have been hijacked Sunday off the Indian …

Death Toll from Indonesian Volcano Eruption Passes 240

Mount Merapi, Indonesia’s most volatile volcano, unleashed another cloud of searing gas as rescuers pulled more bodies from a village smothered a week ago by eruptions. The death toll from a series of blasts passed 240 on Sunday. Saturday’s blast …

Ratings: Global Indemnity/Wind River Re, Connaught, Tugu Triple-S Propiedad, Arab Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …

World War I Remembered; Could it Have Been Different?

Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War I. The consequences have been unfolding ever …